Jim Cramer Can’t Understand Why NVIDIA (NVDA) Won’t Go Up

Published on June 2, 2026 at 12:31 am by Ramish Cheema in News

We recently published Jim Cramer Warned About Market Manipulation & Discussed These 22 Stocks. NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks discussed by Jim Cramer.

AI GPU giant NVIDIA Corporation (NASDAQ:NVDA) is one of Jim Cramer’s favorite stocks even though the shares have remained lackluster this year. Year-to-date, the stock is up by a modest 11.8%. Baird discussed NVIDIA Corporation (NASDAQ:NVDA)’s shares on May 21st as it raised the share price target to $500 from $300 and kept an Outperform rating. The financial firm remarked that the semiconductor firm’s first quarter results merited the upgrade as it benefited from the growth in hyperscaler capital expenditure for artificial intelligence. Cramer commented on NVIDIA Corporation (NASDAQ:NVDA) following Dell’s earnings, and like Baird, he also remarked that the firm stood to benefit from the growth in AI spending:

“Dell’s taking share as I mentioned from Super Micro, no one’s gonna care. They’re gonna take that up. You’re going to see all the companies that do DRAM and CPU, up. And you’re not going to see NVIDIA up. And yet it’s NVIDIA that is the biggest winner. And it’s become very mind numbing to people like me, who know NVIDIA and who’ve owned it forever for the charitable trust. That it’s just not performing. Not performing.”